3781 Old Elm Dr SE #35Grand RapidsMI49512
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Grand Rapids at 3781 Old Elm Dr SE #35, Grand Rapids, MI, 49512 earns $735/mo cash flow from $3,010/mo rent with a $1,444/mo payment. Total monthly income totals $3,010/mo, and annual cash flow totals $8,814/yr on $97,793 capital. ROI tracks 28.92% on current figures, and rental yield reads 12.24% at a $295,000 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 over five years. Five-year ROI reaches 153.18% and total cumulative return in cash sums $149,798. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,010/mo property income instead of your personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$330 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49512, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,146 (100%) |
| Owner Occupied HU | 4,073 (44.5%) |
| Renter Occupied HU | 4,640 (50.7%) |
| Vacant Housing Units | 433 ( 4.7%) |
| Median Home Value | $320,719 |
| Average Home Value | $334,005 |
Housing Distribution
Address Breakdown
Residential
8,547
Single Family
4,842
Multi-Family
3,705
Businesses
1,603
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Listed by: Edward C Hansen • Keller Williams GR North (Main)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25055774
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.